Businessweek

QEP Co. Inc. reported unaudited consolidated results for the third quarter and nine months ended November 30, 2012. Net sales for the third quarter of fiscal 2013 totaled $73.1 million, an increase of $8.2 million or 12.6% from the $64.9 million reported for the third quarter of fiscal 2012. Net income was $2.7 million or $0.80 diluted income per share against net income of $2.2 million or $0.64 diluted income per share for the comparable period last year. EBITDAR was $4 million against $4.2 million for the same period last year. Aggregate debt at the end of the company's fiscal 2013 third quarter was $16.8 million. Operating income was $3.2 million against $3.6 million for the same period last year. Income before provision for income taxes was $3.8 million against $3.4 million of the same period a year ago. The company reported record net sales of $214.0 million for the nine months ended November 30, 2012, an increase of $13.4 million or 6.7%, including the impact of completed acquisitions, from the $200.6 million reported in the same period of fiscal 2012. Net income for the first nine months 2013 was $6.9 million or $2.07 per diluted share. Operating income was $10.3 million against $14.1 million for the same period last year. Income before provision for income taxes was $10.5 million against $13.4 million of the same period a year ago. For the comparable period of fiscal 2012, net income was $9.0 million or $2.66 per diluted share. Operating earnings before interest, taxes, depreciation, amortization and restructuring charges (EBITDAR) for the first nine months of fiscal 2013 was $12.4 million as compared to $17.4 million for the comparable period of fiscal 2012. Cash provided by operations during the first nine months of fiscal 2013 was $6.2 million as compared to $9.6 million in the first nine months of fiscal 2012, reflecting both the decrease in income and an additional investment in working capital. During the period, acquisitions and capital expenditures were $8.9 million and $0.7 million against acquisitions and capital expenditures of $0.9 million and $0.8 million prior year period.

QEP Co. Inc., Q3 2013 Earnings Call, Dec 20, 2012

QEP Co. Inc. announced that they will report Q3, 2013 results at 1:27 PM, GMT Standard Time on Dec 19, 2012

QEP Co. Inc. announced unaudited consolidated earnings results for the second quarter and six months ended August 31, 2012. For the quarter, the company reported net income was $1.96 million against $2.73 million a year ago. Diluted earnings per share were $0.59 against $0.80 a year ago. EBITDA was $4.06 million against $5.84 million a year ago. Net sales were $71.04 million against $67.86 million a year ago. Operating income was $3.33 million against $3.91 million a year ago. Income before provision for income taxes was $3.14 million against $3.67 million a year ago. Aggregate debt at the end of the company's fiscal 2013 second quarter was $16.9 million or 35% of equity compared to $12.7 million or 28% of equity at the end of the 2012 fiscal year. The increase in debt primarily relates to the funding of investments during the second quarter of fiscal 2013. For the six months, the company reported net income was $4.25 million against $6.86 million a year ago. Diluted earnings per share were $1.27 against $2.02 a year ago. EBITDA was $8.42 million against $13.12 million a year ago. Net sales were $140.88 million against $135.63 million a year ago. The increase in net sales for the six months ended August 31, 2012 reflects an increase in sales from the acquisition in the US of Nupla Corporation, a manufacturer and distributor of professional grade fiberglass handled striking, digging, cutting and fire tools. Operating income was $7.1 million against $10.6 million a year ago. Income before provision for income taxes was $6.74 million against $10.03 million a year ago. Net cash provided by operating activities was $4.02 million against $5.36 million a year ago. Cash provided by operations for the period was principally reflecting the decrease in net income. Capital expenditures were $0.638 million against $0.577 million a year ago.

QEP Co. Inc., Q2 2013 Earnings Call, Sep 20, 2012